Odoo

Open-source ERP with accounting & financial reporting for property operations

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About Odoo

Odoo is a modular, open-source enterprise resource planning (ERP) platform designed to integrate core business functions including accounting, invoicing, and financial reporting. For real estate investors, the accounting module provides bookkeeping capabilities and tax-ready reporting that can support rental property operations. While primarily a horizontal business management tool, its flexibility and module-based architecture allow property owners and managers to adapt it for real estate workflows. The platform is self-hosted or cloud-deployed and supports multi-user access, making it suitable for small to mid-sized investment operations.

Features

Accounting and bookkeeping module
Financial reporting and statements
Multi-user team management
Cloud-based and self-hosted deployment
Module customization and integration
Tax preparation support
API integrations

Use Cases

Small to medium business ERP and accounting
Rental property financial management and reporting
Multi-company accounting and consolidation
Project-based accounting and time tracking
E-commerce integration with financial systems
Custom business process automation

Pricing

One App Free

$0/mo

One app

Standard

$24.90/mo · $31.10/mo when billed annually

per user / month

Custom

$49/mo · $61/mo when billed annually

per user / month

Source: Pricing page (Freemium)

Frequently Asked Questions

Is Odoo free to use?
Yes, Odoo offers a free Community Edition that is open-source, plus a One App Free plan for cloud hosting. Paid plans are available for additional features and apps.
Can Odoo be used for rental property management?
While not specifically designed for real estate, Odoo's accounting and financial modules can be adapted for rental property management, tracking income, expenses, and generating tax reports.
Does Odoo support multiple currencies?
Yes, Odoo has built-in multi-currency support with automatic exchange rate updates and currency conversion features.
Can I host Odoo on my own servers?
Yes, the Community Edition can be self-hosted on your own infrastructure, or you can use Odoo's cloud hosting service.